spotfloridarealestate.com Blog

 Of course I don’t have a crystal ball either. Even so that I am a realtor in Cape Coral since 1994 and have seen the market going up and down. Fact is that the market is going in cycles and that there are indication for experienced Realtors and Buyers and seller when the market is entering a new cycle.

Comparing our market today with the beginning of 2004 is pretty much comparing “bananas with bananas”. The market is ready to bounce back. Even so we are still dealing with bank foreclosures and short sales, we have more properties sold than we have coming new on the market. We see the prices coming up and we see multiple offers on certain properties. In a lot of cases we have to offer over asking price just to get the property.

It is my honest opinion that the market will bounce back sooner than a lot of people are expecting, I strongly feel that prices probably will go higher than they were in 2005. Right now most properties are selling under their real and true market value, in 2005 most properties were selling way above true market value. Very soon we will see properties selling to a price they are really worth – and out of experience we will see it going up to above market value again.

Florida is still a great place to live, we have the sun, the beaches and a lot of activities. People here are very friendly and people feel home pretty much right away. Real Estate is an investment you can enjoy, feel and touch. Other than in stocks and bonds – Real Estate will not just disappear, it will be there during good and bad economic times. People always need to live somewhere and space is running out. There is just so much and there will be no more.

Just a little story to show how much money can be made in Real Estate if we are watching the market very closely and have the feeling for the right timing..

I had a young man from Germany coming over to purchase a vacant land in Cape Coral. We discussed our options and his budget. (his budget was $ 15,000) I found him a nice piece of land in NE Cape Coral, which he purchased for $ 11,000. His mother was not to happy with my choice since she thought he bought a lot way out and in the middle of nowhere. That was in summer 2004. Towards the end of 2005 this young man sold this same property for $ 85,000.  That is a nice return on his money. – And by the way, yes when he bought the property in 2004 it was pretty “lonesome” at the furthest NE location of Cape Coral. When he sold the property the whole neighborhood had very nice new homes around him. Cape Coral was just growing like crazy. And that is where we will be in very near future again.

Please visit my web site at: http://www.spotfloriarealestate.com and click on the tab “search properties”. Here you can open up a free account and check on currently listed and sold properties. You will see properties on the market for not even 1 day and they are sold already. That is how fast and hot the market is. Don’t get me wrong, there are sitll very nice and good priced properties out there – but time is running out.

Please let me know if you have any questions or concerns.

Monika